Short Interest in Suzano S.A. (NYSE:SUZ) Rises By 54.2%

Suzano S.A. (NYSE:SUZ) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 2,190,000 shares, an increase of 54.2% from the November 30th total of 1,420,000 shares. Based on an average daily volume of 1,610,000 shares, the short-interest ratio is presently 1.4 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Trading of Suzano

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Atlas FRM LLC boosted its holdings in Suzano by 73.0% in the second quarter. Atlas FRM LLC now owns 12,320,000 shares of the company’s stock valued at $126,526,000 after purchasing an additional 5,200,000 shares during the last quarter. State Street Corp raised its position in shares of Suzano by 14.1% in the 3rd quarter. State Street Corp now owns 4,597,801 shares of the company’s stock valued at $45,978,000 after purchasing an additional 568,618 shares in the last quarter. Kapitalo Investimentos Ltda boosted its stake in shares of Suzano by 152.9% during the 3rd quarter. Kapitalo Investimentos Ltda now owns 3,538,724 shares of the company’s stock valued at $35,387,000 after buying an additional 2,139,719 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Suzano during the second quarter worth approximately $9,310,000. Finally, Sagil Capital LLP bought a new stake in shares of Suzano in the second quarter worth $6,324,000. 2.55% of the stock is owned by hedge funds and other institutional investors.

Suzano Stock Up 0.3 %

Shares of SUZ stock traded up $0.03 on Monday, hitting $10.07. The stock had a trading volume of 1,184,448 shares, compared to its average volume of 1,826,185. The stock’s 50 day moving average is $10.33 and its 200-day moving average is $9.94. The firm has a market capitalization of $13.33 billion, a price-to-earnings ratio of 15.98 and a beta of 0.95. Suzano has a 52-week low of $8.78 and a 52-week high of $12.98. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.70 and a current ratio of 2.17.

Suzano Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be given a $0.3366 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a yield of 1.6%. Suzano’s payout ratio is currently 42.86%.

Suzano Company Profile

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.